- Industry: News service
- Number of terms: 2877
- Number of blossaries: 0
- Company Profile:
United Kingdom-based news service and former financial market data provider that provides news reports from around the world to news media
A committee of the Bank for International Settlements that formulates broad supervisory standards for best banking practice and supervision, including setting the minimum capital standards for banks. See also BIS.
Industry:Financial services
Guidelines set by the Basel Committee of the BIS on the amount of capital that banks need to cover risks of default on their loan portfolio, or other problems with their operations. The riskier the loan portfolio the higher the capital requirements. See also BIS, Basel Committee.
Industry:Financial services
Major industrial non-ferrous metals other than precious metals and minor metals; notably copper, lead, tin, zinc, aluminium, nickel. See also Minor Metals, Precious Metals.
Industry:Financial services
The year chosen to set an index at 100. Any year can be chosen as a base year, but it is generally desirable to use a fairly recent year; widely used in the compilation of macro-economic data.
Industry:Financial services
The difference between a futures prices and the corresponding underlying cash price. Basis is normally quoted as cash price deducted from futures price of the nearest delivery month. There is a high degree of correlation between cash and futures prices but the basis is not constant. A basis trade exploits the expected movements in basis. Basis is likely to reduce and eventually to shrink to nothing as the futures contract approaches its expiry date. See also Backwardation and Contango.
Industry:Financial services
One hundredth of a percentage point, or 0.01, the standard market measure for interest rates and bond yields.
Industry:Financial services
The risk that the price of a future will vary from the price of the underlying cash instrument as expiry approaches. See also Convergence.
Industry:Financial services
A market player who believes prices will fall. Bears will sell a financial instrument which they do not own and then make a profit by repurchasing it at a lower price. See also Bull.
Industry:Financial services
Shares/Bearer Bonds Securities which confer ownership with a simple certificate, with no central register of owners. The dividends or interest payments are claimed from a paying agent, by presenting coupons clipped from the ownership certificate. Bearer bonds are as portable and almost as anonymous as cash, making them highly desirable to thieves.
Industry:Financial services
